Formidium, the U.S.-based administrator, has launched Private Fund Admin, a technology platform that it claims will streamline the private fund administration process. Private Fund Admin aims to address the complexities associated with unique structures (cross-border and single/multiple LLC structures), the wide range of private fund administration services (fund setup, ongoing operation/administration solutions, investor KYC/AML, NAV calculations, investor statements, compliance support, and end-of-cycle accounting), covering a variety of asset classes (real estate, private investments, private equity, hedging activity, alternative investments, crypto/tokens, inter alia).
